The Rise of Foreign Investment in China's Banks: Taking Stock

The Rise of Foreign Investment in China's Banks: Taking Stock

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The recent wave of foreign investment in China's banks and the prospects of further opening of the banking sector under the WTO agreement suggest that foreign banks are likely to play an increasingly important role in China. This paper takes stock of the involvement of foreign banks in the Chinese banking sector in the perspective of international experience. While in most other countries foreign bank entry took the form of direct takeover or majority shareholding, foreign investments in China's banks have been minority shareholdings with very limited management involvement. The paper concludes that China appears to be well positioned to benefit from further opening of the banking sector to foreign investors. International experience suggests that greater competition from and participation of foreign banks can in general bring important benefits if appropriate incentives and sufficient opportunities are created.More recently, foreign banks are starting to play a more substantial role as minority investors in domestic banks. There have been three ... Entry was limited to joint-stock commercial banks and city banks in major cities. The large state- ownedanbsp;...

Title:The Rise of Foreign Investment in China's Banks: Taking Stock
Author: Lamin Leigh, Richard Podpiera
Publisher:International Monetary Fund - 2006-12-01

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